Standard & Poor's Ratings Services said it lowered its long-term rating to BBB-minus from BBB on Pennsylvania Higher Educational Facilities Authority's series 2005B and 2005C revenue bonds, issued for Marywood University, and on Abington Township Municipal Authority, Pa.'s series 2007 revenue bonds, issued for the university.

At the same time, the agency removed the ratings from CreditWatch. The outlook is stable.

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